The European Commission (EC) called on Romania on Friday to fully transpose directives regarding money laundering and the distribution of cross-border funds into its national legislation. Romanian authorities have exempted several categories of corporate and other legal entities from the obligation to declaring their beneficial owners to a central register, failing to comply with the anti-money laundering directive, the Commission said in a statement. The directive requires member states to ensure that corporate and other legal entities incorporated within their territory obtain and hold adequate, accurate and current information on their beneficial ownership, including the details of the beneficial interests held. Anti-money laundering rules are instrumental in the fight against money laundering and terrorism financing, and legislative gaps occurring in one member state have an impact on the EU as a whole, it noted. The Commission also urged Romania to update national laws removing regulatory barriers under the cross-border distribution of funds directive. The directive aims at removing regulatory barriers to the distribution of the collective investment funds, which is one of the objectives of the Capital Markets Union. These rules aim at increasing transparency and creating a single access to information on national rules related to marketing requirements, regulatory fees and charges levied by national competent authorities, the EC said. If Romania does not address these reasoned opinions in two months, the Commission will refer the case to the Court of Justice of the EU.
More than 2 out of 3 Romanian consumers do not return for a second purchase, according to the new Customer Loyalty Index, a comprehensive analysis based on aggregated data from campaigns and authored by White Image, the oldest email marketing company in Romania. The Index analyzes the post-purchase behavior of Romanian consumers and highlights major […]
Fashion retailer Primark announced major plans to expand its presence in Romania, confirming four new store openings for 2026. This will double its presence in the market and create over 450 new jobs. The announcement arrived at an important moment for the company, which marked three years since the opening of its first Romanian store […]
Romania’s National Road Investment Company (CNIR) awarded on Tuesday, December 16, the contract for the design and construction of the Bacău–Piatra Neamț express road to a Romanian–Bulgarian consortium. The value of the contract is RON 5.17 billion (some EUR 1 billion), excluding VAT, and its signing will take place if no appeals are filed. The […]
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
